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The krona (Swedish: ⓘ; plural: kronor; sign: kr; code: SEK) is the currency of the Kingdom of Sweden.It is one of the currencies of the European Union.Both the ISO code "SEK" and currency sign "kr" are in common use for the krona; the former precedes or follows the value, the latter usually follows it but, especially in the past, it sometimes preceded the value.
The Scandinavian Monetary Union replaced the riksdaler riksmynt in 1873 with a new currency, the krona. An equal valued krone/krona of the monetary union replaced the three Scandinavian currencies at the rate of 1 krone/krona = 1 ⁄ 2 Danish rigsdaler = 1 ⁄ 4 Norwegian speciedaler = 1 Swedish riksdaler riksmynt.
The symbol for crown is usually "kr". Some countries use another symbol for it like Íkr, -, Kč. ... Sweden: Swedish krona: ... Historical use of a currency called ...
The Scandinavian Monetary Union was a monetary union formed by Denmark and Sweden on 5 May 1873, with Norway joining in 1875. It established a common currency unit, the krone/krona, based on the gold standard.
The main events in the monetary history of the Krona are: Introduction of the Krona, based on the gold standard on 5 May 1873. (1 kg of gold = 2480 Kronor) The tie to gold is abolished on 2 August 1914. The tie to gold is de facto re-established in November 1922. The tie to gold is de jure re-established on 1 April 1924
SEK 50: Jenny Lind: Opera singer: Silver harp: SEK 100: Carl Linnaeus: Founder of modern taxonomy: Bee pollinating a flower: Combines Linnaeus' interests in botany and zoology SEK 500: King Charles XI: Bank of Sweden was founded during his reign: Christopher Polhem: Scientist and industrialist SEK 1000: King Gustav Vasa: United the Swedes ...
Sweden: Established: 17 September 1668; 356 years ago () Ownership: 100% state ownership [1] Governor: Erik Thedéen: Central bank of: Sweden: Currency: Swedish krona SEK Reserves: 49 830 million USD [1] Reserve requirements: None: Bank rate: 0.75 [2] Interest on reserves: 0.65 [2] Interest paid on excess reserves? not applicable (no reserve ...
Using a mechanism known as the "snake in the tunnel", the European Exchange Rate Mechanism was an attempt to minimize fluctuations between member state currencies—initially by managing the variance of each against its respective ECU reference rate—with the aim to achieve fixed ratios over time, and so enable the European Single Currency (which became known as the euro) to replace national ...